£6.000.000
Confirmation
Reversionary business park opportunity
Tewkesbury, United Kingdom
65%
Mixed use
#27189
Core+
29 Oct 2024
Property Details
Broker
Under offer
Leasable area
11.52 %
Freehold
X
Fees
Investment Overview
Reversionary 5.7 acre business park opportunity well positioned in Tewkesbury’s Newtown business district. Highlights include: - 20 individual units, 9 of which within the park are sold off freehold. - Exceptionally well let with only 1 unit currently vacant. - Reversionary potential with the current passing rent offering a 12% discount to the headline rent on the park (£17.24 psf). - Rent reviews on 36% of the income over the next 3 years. - Excellent parking ratio with 350 spaces across the park.
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